Buy Business Loans Tip: SBA Loans Ideal For Franchise Buyers

Todays Buy Business Loans Tip: SBA Loans Ideal For Franchise Buyers - The SBA can give franchise buyers access to funds that were previously unavailable due to capital limitations. The franchise loans often limit the amount of interest a bank can charge you. The loan may also have a longer maturity to keep monthly payments down. Best of all, many bank fees will be waived because the SBA guarantees the loan.

Todays Businesses Pre-Qualified For SBA Lender Assistance:

1. Martinez, Contra Costa County, California based gas station/mart with real estate business for sale - Gas station (independant) with food mart, Contra Costa County. Gas volume 70,000 gallons monthly @22 cent margin and the food mart is about 22,000 monthly at 37% margin. Just changed to independant brand last week. Presently has U-Haul rentals, revenue is about 2,000 profit monthly. Business is sold plus inventory. Seller will package the business and property together for 1,550,000. Should be able to get SBA loan with 20% down payment. If you just want to purchase the business (selling for 450,000). Seller will carry note with 250,000 down payment plus inventory. Option on the property. Seller will grant a 20 year lease 5 year lease with 3-5 year otpions. Asking rent is 5,500 monthly plus NNN fees. Deal Structure: Price: $1,450,000, Adjusted Net: Call/Email. For details go to: http://www.bizben.com/listings/78226.php

2. Grand Rapids, Kent County, Michigan based marine sales/service company for sale - Poor health is finally forcing the 70 year old owner of this successful marine retailer (which he founded in 1991) to sell his business. Ideally located just off a major west Michigan interstate highway, this business has become a marine landmark destination in its 17 years of operation.

The seller also owns the property, a perfect square parcel occupying 2.25 acres with two newer, attractive buildings, one each at 9,000 and 12,000 square feet. The buyer of the business can purchase the real estate in a separate transaction or enter into a favorable lease (at about 6% of sales) with an option to purchase the real estate.

The business has generated annual sales ranging from $1.5-$2.0 million with an annual cash flow between $100,000-$200,000. The operation is truly a turnkey marine retailer, selling boats, motors and trailers; servicing boats; selling a wide array of accessories; winterizing and storing boats; offering specialized services such as re-upholstery and hauling; etc.

This retailer has exclusive regional distribution of a number of excellent boat lines, enhancing the value of the dealership. The showroom has an impressive display of accessories (which have excellent growth potential) backed by a $70,000 inventory (included in the offering price). The owner and two part time sales staff handle the sales side of the business.

The strong and respected service component of the business is supported by two long term, loyal mechanics, a parts/service manager and $250,000 of new parts (included in the offering price). A full time administrative person rounds out the staff.

The seller's health issues require a highly favorable asking price. The business which includes a $250,000 parts inventory; $70,000 of accessories; $70,000 of wholly owned boats, trailers and motors; and over $100,000 of fixed assets and equipment (welders, presses, hi-lows, hoists, cranes, tools, truck, newer computers and software, sewing. Deal Structure: Price: $595,000, Adjusted Net: $150,000. For details go to: http://www.usabizmart.com/businesses/121922.php

* Note: These businesses have been business pre-qualified only - buyers of these businesses will also have to be pre-qualified - before SBA loan business purchase financing may be obtained. Approximately 32 different factors (buyer/seller info) are evaluated in the SBA loan process for business purchase loan financing.

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